DA Davidson Brokers Increase Earnings Estimates for OCFC

OceanFirst Financial Corp. (NASDAQ:OCFC) – Investment analysts at DA Davidson lifted their FY2025 EPS estimates for shares of OceanFirst Financial in a note issued to investors on Monday, October 27th. DA Davidson analyst P. Winter now anticipates that the savings and loans company will earn $1.36 per share for the year, up from their prior estimate of $1.32. DA Davidson has a “Buy” rating and a $19.00 price target on the stock. The consensus estimate for OceanFirst Financial’s current full-year earnings is $1.60 per share. DA Davidson also issued estimates for OceanFirst Financial’s Q4 2025 earnings at $0.33 EPS and FY2026 earnings at $1.86 EPS.

OceanFirst Financial (NASDAQ:OCFC) last announced its quarterly earnings results on Wednesday, June 14th. The savings and loans company reported $0.49 EPS for the quarter. OceanFirst Financial had a net margin of 11.77% and a return on equity of 5.00%. The business had revenue of $93.08 million for the quarter.

A number of other analysts also recently issued reports on the stock. Weiss Ratings reissued a “hold (c)” rating on shares of OceanFirst Financial in a report on Wednesday, October 8th. Raymond James Financial reissued a “strong-buy” rating and issued a $23.00 price objective (up previously from $21.00) on shares of OceanFirst Financial in a report on Monday. Zacks Research downgraded shares of OceanFirst Financial from a “hold” rating to a “strong sell” rating in a report on Monday, September 1st. Finally, Keefe, Bruyette & Woods raised shares of OceanFirst Financial from a “market perform” rating to an “outperform” rating and boosted their price objective for the company from $20.00 to $22.00 in a report on Friday, October 10th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, OceanFirst Financial has a consensus rating of “Moderate Buy” and a consensus target price of $21.60.

OceanFirst Financial Stock Up 0.8%

Shares of OCFC opened at $18.74 on Tuesday. OceanFirst Financial has a 52 week low of $14.29 and a 52 week high of $21.87. The firm has a market cap of $1.08 billion, a P/E ratio of 14.53 and a beta of 1.02. The firm’s 50-day simple moving average is $18.13 and its 200 day simple moving average is $17.50. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.00 and a current ratio of 1.01.

OceanFirst Financial Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, November 14th. Stockholders of record on Monday, November 3rd will be issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 4.3%. The ex-dividend date of this dividend is Monday, November 3rd. OceanFirst Financial’s dividend payout ratio is 62.02%.

Institutional Trading of OceanFirst Financial

Institutional investors and hedge funds have recently made changes to their positions in the company. Strs Ohio bought a new stake in shares of OceanFirst Financial during the 1st quarter worth approximately $624,000. Vanguard Group Inc. lifted its holdings in shares of OceanFirst Financial by 1.8% during the 1st quarter. Vanguard Group Inc. now owns 3,516,177 shares of the savings and loans company’s stock worth $59,810,000 after acquiring an additional 61,515 shares during the period. Envestnet Asset Management Inc. lifted its holdings in shares of OceanFirst Financial by 61.6% during the 1st quarter. Envestnet Asset Management Inc. now owns 31,441 shares of the savings and loans company’s stock worth $535,000 after acquiring an additional 11,987 shares during the period. Mendon Capital Advisors Corp lifted its holdings in shares of OceanFirst Financial by 100.0% during the 1st quarter. Mendon Capital Advisors Corp now owns 100,000 shares of the savings and loans company’s stock worth $1,701,000 after acquiring an additional 50,000 shares during the period. Finally, Third Avenue Management LLC lifted its stake in OceanFirst Financial by 91.7% in the 1st quarter. Third Avenue Management LLC now owns 116,643 shares of the savings and loans company’s stock valued at $1,984,000 after purchasing an additional 55,784 shares during the last quarter. Institutional investors own 70.98% of the company’s stock.

OceanFirst Financial Company Profile

OceanFirst Financial Corp. operates as the bank holding company for OceanFirst Bank N.A. that provides community banking services to retail and commercial customers. It accepts money market accounts, savings accounts, interest-bearing checking accounts, non-interest-bearing accounts, and time deposits, that includes brokered deposits to retail, government, and business customers.